Integrated Advisors Network LLC Increases Stake in Ballard Power Systems Inc. (NASDAQ:BLDP)

Integrated Advisors Network LLC raised its holdings in shares of Ballard Power Systems Inc. (NASDAQ:BLDP) (TSE:BLD) by 163.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,712 shares of the technology company’s stock after buying an additional 19,662 shares during the period. Integrated Advisors Network LLC’s holdings in Ballard Power Systems were worth $117,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new stake in Ballard Power Systems during the fourth quarter valued at approximately $31,000. FNY Investment Advisers LLC increased its stake in shares of Ballard Power Systems by 5,000.0% in the fourth quarter. FNY Investment Advisers LLC now owns 10,200 shares of the technology company’s stock worth $37,000 after purchasing an additional 10,000 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of Ballard Power Systems by 37.2% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 13,831 shares of the technology company’s stock worth $51,000 after purchasing an additional 3,753 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Ballard Power Systems by 119.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 26,681 shares of the technology company’s stock worth $99,000 after purchasing an additional 14,519 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of Ballard Power Systems by 116.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 35,861 shares of the technology company’s stock worth $133,000 after purchasing an additional 19,284 shares in the last quarter. 28.02% of the stock is owned by hedge funds and other institutional investors.

Ballard Power Systems Trading Up 7.5 %

BLDP stock opened at $2.74 on Thursday. The company has a quick ratio of 10.88, a current ratio of 11.66 and a debt-to-equity ratio of 0.03. Ballard Power Systems Inc. has a twelve month low of $2.42 and a twelve month high of $5.11. The stock has a market capitalization of $820.32 million, a price-to-earnings ratio of -4.42 and a beta of 1.80. The firm’s fifty day simple moving average is $2.85 and its two-hundred day simple moving average is $3.13.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last posted its quarterly earnings data on Tuesday, May 7th. The technology company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.01). The firm had revenue of $14.50 million for the quarter, compared to the consensus estimate of $17.55 million. Ballard Power Systems had a negative net margin of 177.82% and a negative return on equity of 15.37%. The company’s revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.11) EPS. As a group, analysts anticipate that Ballard Power Systems Inc. will post -0.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on BLDP shares. Wells Fargo & Company reduced their price objective on shares of Ballard Power Systems from $3.50 to $3.00 and set an “underweight” rating for the company in a research note on Thursday, May 9th. Raymond James reduced their price objective on shares of Ballard Power Systems from $4.50 to $4.00 and set a “market perform” rating for the company in a research note on Wednesday, March 13th. CIBC reduced their price objective on shares of Ballard Power Systems from $3.75 to $3.50 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Truist Financial restated a “hold” rating and set a $3.00 target price (down previously from $3.50) on shares of Ballard Power Systems in a research report on Wednesday, May 8th. Finally, National Bankshares dropped their target price on shares of Ballard Power Systems from $4.50 to $4.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 8th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $3.59.

Ballard Power Systems Company Profile

Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power product comprising for bus, truck, rail, marine, stationary, and emerging market, such as material handling, off-road, and other applications.